The question "Is the U.S tax system disproportionate enough?" is a ________ question, and the question "How would higher taxes make the rich behave?" is a ________ question
A) normative; normative
B) normative; positive
C) positive; normative
D) positive; positive
B
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Refer to the figure below. If all buyers' reservation prices increase by $1.00, then the equilibrium price of coffee would:
A. increase by more than $1.00. B. would not change. C. increase by less than $1.00. D. increase by $1.00.
If net exports are equal to net foreign investment,
A) the current account balance is equal to the negative of the financial account balance. B) the balance of payments is zero. C) net capital inflows are equal to imports minus exports. D) All of the above are true when net exports are equal to net foreign investment.
Based on the answer above, the price for Nike shoes_____________ and the quantity demanded for Nike shoes ____________
a. Uncertain; decreases b. Decreases; increases c. Decreases; uncertain d. Increases; uncertain
If gross investment in 2016 is $525 billion and depreciation in 2016 is $650 billion, net investment in 2016 is
A. -$650 billion. B. -$125 billion. C. $125 billion. D. $1,175 billion.